rss icon Subscribe
desktop mobile

Contracts

Concordia Maritime Charters Three Suezmax with Stena Bulk

Photo: Concordia Maritime

 As a further step in fleet positioning ahead of the gradually stronger market that is expected, Concordia Maritime has decided to participate in three suezmax tankers chartered in by Stena Bulk.   The 158,000 dwt vessels were built in Korea in the period 2012-2014. The contracts are for 12 months, with an option to extend until the end of 2019.

Odfjell Wins Drilling Contract from Equinor

Simen Lieungh, CEO Odfjell Drilling, and Geir Tungesvik, senior vice president for Drilling & Well, with a model of the Deepsea Atlantic drilling rig. Photo: Kjetil Eide, Equinor

 Equinor has awarded Odfjell a contract for drilling two times three production wells for the Fram and Askeladd licences by using the Deepsea Atlantic rig. Odfjell has also been awarded a master framework agreement (MFA).   Equinor has signed a framework agreement with Odfjell with terms that will

AET Secures DP2 Shuttle Tankers with Petrobras

Photo:  AET Tankers Pte Ltd

 Petroleum tanker owner and operator AET announced the extension of partnership in the DP2 shuttle tanker sector with Petróleo Brasileiro S.A.(Petrobras), the Brazilian multinational petroleum corporation.   "Recently we were awarded a contract to own and operate four specialist DP2 Suezmax Shuttle Tankers on long-term charter by Petrobras.

Stena RoRo Places an Order for LNG Newbuild

Photo provided by Stena RoRo

 Stena RoRo places an order for a further newbuild and signs a 10-year charter contract with Brittany Ferries, said a press release from the company.   The vessel now ordered, which will be built for LNG operation, is the sixth in the so-called Stena E-Flexer RoPax class with delivery set for autumn 2021.

CP Rail Workers Reject Contract, Resume Negotiations

File Image (CREDIT: AdobeStock / © Carolyn Franks )

Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad.   A strike by the estimated 3,000 workers

Maersk Line Introduces Bunker Surcharge

File Image: CREDIT Maersk

The world's largest container shipping company Maersk Line is increasing prices because of a surge in the cost of bunker fuel.   The shipping fuel has become increasingly costly as global crude oil prices have returned to peaks not reached since 2014, lifted by the United States' exit this month from

Baltic Index Marks Second Straight Weekly Decline

File Image (CREDIT: AdobeStock / © Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday to mark a second straight weekly decline, as rates across vessel segments fell.   The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 32 points, or 2.

Concordia Boosts Tanker Biz

To prepare for a gradually strenghthening tanker market, Concordia Maritime decided to participate in three suezmax tankers chartered in by Stena Bulk.   The 158,000 dwt vessels were built in Korea between 2012-2014. The contracts are for 12 months, with an option to extend until the end of 2019. After delivery in May and July,

Italy’s First, Fully-Automated Gantry Cranes Reach Vado Ligure

Photo: APM Terminals

 Italy’s first ARMG (Automated rail mounted gantry cranes) have reached APM Terminals Vado Ligure. These will be used in the new Container Terminal due for completion in 2019. The long journey to Italy started in China in January and included stops in South Africa and the UK.   These six cranes are the first of 21 cranes to be delivered.

Total, Novatek Pact for Arctic LNG 2 Project

Image: Total

 In the presence of the President of the Russian Federation, Vladimir Putin, and the President of the French Republic, Emmanuel Macron, Total has signed an agreement with Novatek outlining the terms upon which Total shall acquire a direct working interest of 10% in Arctic LNG 2, a giant liquefied natural

Ideol, STX to Develop Next-Generation Offshore Substations

Photo:  Ideol

 Ideol and STX Europe Offshore Energy, the well-known EPCIM supplier of substations to the bottom-fixed offshore wind industry, announce the development of a breakthrough floating substation. This one will be compatible with both bottom-fixed and floating offshore wind farms.   Their universal and

Diana Shipping TC Contract for P. S. Palios with Koch

P. S. Palios. Photo: Diana Shipping Inc.

 Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping, Singapore, for one of its Capesize dry bulk vessels, the m/v P. S. Palios.    The gross charter rate is US$17,350 per day, minus a 5% commission paid to third parties,

First LNG Bunkering of Fure Vinga in Europe

Photo: Nauticor

On May 19, 2018, the new build chemical tanker “Fure Vinga” bunkered LNG for the first time in Europe, receiving 120 tons of LNG in a truck-to-ship operation in the port of Cartagena. In total, 6 trucks of LNG were brought to the Spanish port and transferred to the vessel.  “We are glad that the first

Gunvor, Oceangold and Maas Capital Form Tanker JV

© Anatoly Menzhiliy / Adobe Stock

A new ship holding company has been formed through a joint venture agreement between physical energy trader Gunvor Group, ship management company Oceangold Tankers and investor Maas Capital.The three partners hold an equal share in the new company, ClearOcean Tankers, which has been incorporated in Cyprus.

Maritime Apps